https://www.engineeringnews.co.za

Origin reports profit in H1

21st February 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – End-to-end energy provider Origin Energy has reported a statutory profit of A$796-million for the six months to December, compared with a loss of A$136-million in the previous corresponding period.

The previous financial result included an after-tax impairment of A$360-million.

Underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) increased to A$1.72-billion in the six months under review, compared with the A$1.43-billion in the previous corresponding period.

“Origin delivered a solid performance over the half, with Energy Markets performing well in a challenging environment, and Integrated Gas making a significant contribution as a result of higher commodity prices and reliable operations from the Australia Pacific liquefied natural gas (APLNG) project,” said Origin CEO Frank Calabria.

Underlying Ebitda from the Integrated Gas business increased by A$270-million over the period, or 43%, to A$900-million, with the growth driven by higher commodity prices, particularly higher oil prices, combined with reliable production from the APLNG project.

The APLNG project is expected to produce between 665 PJ and 685 PJs in the full year, with between 250 and 300 operated wells drilled.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.087 1.081s - 140pq - 2rq
Subscribe Now